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Nov 20, 2011
11/11
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to hang up a deficit reduction deal. it where are where we started from. >> lz grat democrats are using their republicans are defending tax cuts for the rich and democrats weren't coughing up ideas for spending cuts, were they? >> no. if you look at what the automatic cuts will be the 1.2 trillion if you have to say which side favors it more you would think democrats do. i think there's a level of disingenuine activity here. because if the cuts kick in most of the money is cut out of the military and that's that's a liberal field-good moment. >> i want to say she pointing out something interesting here. there will be a lot of talk about republican -- on taxes. a democratic aide said the national conversation turned to inequality and not cutting. two democratic represents showed up disengaged from the process because they felt the automatic cuts were better than any of the ideas anyone would come up with. >> you know what the average person at home is wondering, why can't they agree? they are tired of one side blaming the
to hang up a deficit reduction deal. it where are where we started from. >> lz grat democrats are using their republicans are defending tax cuts for the rich and democrats weren't coughing up ideas for spending cuts, were they? >> no. if you look at what the automatic cuts will be the 1.2 trillion if you have to say which side favors it more you would think democrats do. i think there's a level of disingenuine activity here. because if the cuts kick in most of the money is cut out...
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Oct 18, 2012
10/12
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but the other thing that he brought was the specific plan to cut the deficit. we can stave off of the stuff. tell me what you are going to cut and are you going to end interest or the mortgage deduction. give us the specifics of your plan. obama has been forced to do that. he has showed us the specifics. >> give us one line that you would give the president. again, i would never advise the president of the united states. he is darn good on his own. i want to continue to see what i saw before. a strong president that is going to look in the camera and continue to tell it like it is. our president is going to do great. the job now is going to turn out the operations on the ground. it was a pleasure. >> big news. coming up. mitt romney's lieutenant governor. why she says his binders for the women is no big deal. çtoooowl sleep train's best rest event is ending soon. çtoooowl don't miss your chance to get sleep train's very best mattresses at the guaranteed lowest price. plus, pay no interest for 3 years on beautyrest black, stearns & foster, serta icomfort,
but the other thing that he brought was the specific plan to cut the deficit. we can stave off of the stuff. tell me what you are going to cut and are you going to end interest or the mortgage deduction. give us the specifics of your plan. obama has been forced to do that. he has showed us the specifics. >> give us one line that you would give the president. again, i would never advise the president of the united states. he is darn good on his own. i want to continue to see what i saw...
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Mar 14, 2017
03/17
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it reduces the deficit by $337 billion. and as we already know, it repeals most of the obamacare taxes. these are things republicans say we campaigned on this. just because the models of the cbo or this score doesn't reflect what people want it to reflect, there is what people voted for. the question is how do they keep members in line going forward? i spoke to a number of republican senators after the propos proposal. many voicing concerns about this going forward. christine and dave. >> phil, thank you. on the tax cut, people voted for a middle class tax cut. not the wealthy americans to get tens of thousands of dollars back. let's dig further. 24 million fewer americans insured by 2026. 14 million next year. according to the cbo. what does that look like? 50 million americans were uninsured. that fell to 27 million by 2016. the rate would rise back to 50 million and above to 52 million by 2026. compared to the 27 million. the cbo predicts fewer people buy insurance if the penalties were removed. later on, changes to medi
it reduces the deficit by $337 billion. and as we already know, it repeals most of the obamacare taxes. these are things republicans say we campaigned on this. just because the models of the cbo or this score doesn't reflect what people want it to reflect, there is what people voted for. the question is how do they keep members in line going forward? i spoke to a number of republican senators after the propos proposal. many voicing concerns about this going forward. christine and dave. >>...
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Mar 13, 2017
03/17
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so, a lot of deficit saving there. but many, many million more americans without access or at least without health insurance. your response. >> well, an enormous blow to people getting average and having coverage. 24 million americans losing their health care coverage. and the deficit savings are because, at the end of the day, you're just so contracting medicaid and the tax credits that you're given. that's why the savings exist. it comes at the cost of 24 million people not having health care coverage which is critical to the quality of their lives, critical for them to be productive. and then the consequences to our health care system of people who go uninsured and then use the emergency room as the vehicle for their primary care. this goes back to the system before the affordable care act that had insurance companies decide what coverage you would get. they were arbitrariy and capricious in denying people with millions without health care coverage. >> one of the things republicans say and president trump said today
so, a lot of deficit saving there. but many, many million more americans without access or at least without health insurance. your response. >> well, an enormous blow to people getting average and having coverage. 24 million americans losing their health care coverage. and the deficit savings are because, at the end of the day, you're just so contracting medicaid and the tax credits that you're given. that's why the savings exist. it comes at the cost of 24 million people not having...
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Nov 3, 2012
11/12
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is it the jobs or is it the deficit? >> both. you know, if we're not bringing it in, we shouldn't spend it. and if it's, you know, tough on us to make it better for our kids, i'm willing to sacrifice now to make it better for our kids. >> so interesting. and also people talk about the quality of the jobs, too, right? so even though the unemployment rate is 5.2%, they're worried about how much debt we have, the deficit. they're also worried that the quality of the jobs that are available aren't maybe what they used to be. >> they are. and they said, look, poppy, it's not just about that 5.2%, it's about the jobs that we're getting that are being created. they're lower paying jobs, the hours are less. and that's a very big deal here, christine. >> all right, poppy harlow in iowa. thanks, poppy. >>> hurricane sandy destroyed homes, cars, and lives, as people pick up the pieces, who picks up the bill? i'll have the answer right after this. jenna shared her recipe with sharon, who emailed it to emily, who sent it to cindy, who wondere
is it the jobs or is it the deficit? >> both. you know, if we're not bringing it in, we shouldn't spend it. and if it's, you know, tough on us to make it better for our kids, i'm willing to sacrifice now to make it better for our kids. >> so interesting. and also people talk about the quality of the jobs, too, right? so even though the unemployment rate is 5.2%, they're worried about how much debt we have, the deficit. they're also worried that the quality of the jobs that are...
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Aug 8, 2016
08/16
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our total trade deficit in goods hit nearly $800 billion last year. total trade deficit. almost $800 million. this is a strike at the heart of michigan and our nation as a whole. according to the bureau of labor and statics before nafta went into effect, there were 280,000 auto workers in michigan. today, that number is only 160,000 auto workers. detroit is still waiting for hillary clinton's apology. she has been a disaster, obama has been a disaster. i expect detroit will get that apology right around the same time hillary clinton turns over the 33,000 e-mails she deleted. hillary clinton's transpacific partnership will be an even bigger disaster for the auto industry. believe me. even bigger and worse than nafta. in fact, ford motor company has announced its opposition to the deal. according to the economic policy institute, the u.s. trade deficit with the proposed tpp member, all of the member countries has cost over 1 million manufacturing jobs in the year 2015. 1 million jobs. by far, the biggest losses occurred in motor vehicles and parts which lost nearly 740,000
our total trade deficit in goods hit nearly $800 billion last year. total trade deficit. almost $800 million. this is a strike at the heart of michigan and our nation as a whole. according to the bureau of labor and statics before nafta went into effect, there were 280,000 auto workers in michigan. today, that number is only 160,000 auto workers. detroit is still waiting for hillary clinton's apology. she has been a disaster, obama has been a disaster. i expect detroit will get that apology...
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Nov 21, 2011
11/11
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deficit? apparently, not so super. they may be announcing, and announcing soon, that they cannot reach a deal. details coming up here on cnn. ♪ ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes, and lexus for audi than ever before. take advantage of exceptional values during the season of audi event. ♪ imagine me and you, i do ♪ i think about you day and night ♪ ♪ it's only right ♪ to think about the girl you love ♪ ♪ and hold her tight ♪ so happy together [ male announcer ] when life changes, so can your insurances needs. use travelers free guide to better coverage to stay prepared. is your auto and home insurance keeping up with you? contact your local travelers agent, or call 800-my-coverage. >>> we're following breaking news here on cnn. the mayor and the district attorney are planning to hold a news conference at the bottom of the hour in about six or seven minutes. we know it's terrorism related. we're going to c
deficit? apparently, not so super. they may be announcing, and announcing soon, that they cannot reach a deal. details coming up here on cnn. ♪ ♪ mom? dad? guys? [ engine turns over ] [ engine revs ] ♪ he'll be fine. [ male announcer ] more people are leaving bmw, mercedes, and lexus for audi than ever before. take advantage of exceptional values during the season of audi event. ♪ imagine me and you, i do ♪ i think about you day and night ♪ ♪ it's only right ♪ to think about the...
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Feb 13, 2014
02/14
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. >> arguably the president's a deficit hawk for crying out loud but you don't hold the debt hostage. you don't hold the nation's full faith and credit hostage. >> when we tried to address obama care last time, there's never a time that democrats ever want to talk about it. these are the guys who believe -- they're like a guy who wants to lose weight on a diet. hold on. this is problem with democrat, though, you are like the guy who wants to go on a diet and there's never a good time to talk about it. i want to keep hanging out at the all you can eat buffet. at one point you have to address the root cause of gaining weight. you guys don't want to get out of the way of the all you can eat buffet. >> you're living in some sort of winter wonderland right now. what we are simply asking is that congress do its job. that congress actually just simply do its job, which is to pay the bills it already racked up. not to attach a bunch of conditions on it. not to take us to the brink of default. because that's not who we are as americans. no, we are not a nation that skimps on our bills. that's
. >> arguably the president's a deficit hawk for crying out loud but you don't hold the debt hostage. you don't hold the nation's full faith and credit hostage. >> when we tried to address obama care last time, there's never a time that democrats ever want to talk about it. these are the guys who believe -- they're like a guy who wants to lose weight on a diet. hold on. this is problem with democrat, though, you are like the guy who wants to go on a diet and there's never a good...
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Nov 2, 2012
11/12
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he said he would lower the deficit, but then he doubled it. he said he would lower the unemployment rate and today, we learned it is 7.1%, and that is 9 million jobs short of what he promised. unemployment is higher today than when barack obama took office. think of that, today's unemployment is higher today than the day barack obama took office. he promised to save social security and medicare from insolvency, and he didn't. rather he raided $716 billion from medicare to pay for the obama devoted obama care. he said he would lower health care insurance premiums for the average family by $2,500 a year by each other, and now they are $3,000 higher for a average family. and gasoline, the american family now pays $2,000 a year more for gasoline than when he was elected. of course, he also said he would work across the aisle on the most important issues. listen to, this he has not met on the economy or the budget or on jobs with either of the republican leader of the house or the senate since july. instead of bridging the divide, he's made it wide
he said he would lower the deficit, but then he doubled it. he said he would lower the unemployment rate and today, we learned it is 7.1%, and that is 9 million jobs short of what he promised. unemployment is higher today than when barack obama took office. think of that, today's unemployment is higher today than the day barack obama took office. he promised to save social security and medicare from insolvency, and he didn't. rather he raided $716 billion from medicare to pay for the obama...
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Nov 21, 2011
11/11
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that's the biggest deficit we have. it is time for ross perot type, he had gaugement effort to tell the truth to the american people. both political parties are to blame. the future of this country is at rick. and the first three words of the constitution have to come alive. we the people. >> we the people. we the people are pretty disgusted and lagging trust in the institution. the government can't do anything. we see people occupying. what now after this? if you cannot do big, can you do small and get to the same goal? or are we going off the to have a presidential election and try again? >> it seem we'll have the unemployment benefits coming up as well as the pay roll tax cuts. both very popular. the pay roll tax cuts, something both big business likes as well as employees. those will have to come back up by the end of the year. that means you'll have to have spending cuts on the other side. i think one of the great travesties is how they have pushed it off when the bush tax cuts are slated to go away. note, there is
that's the biggest deficit we have. it is time for ross perot type, he had gaugement effort to tell the truth to the american people. both political parties are to blame. the future of this country is at rick. and the first three words of the constitution have to come alive. we the people. >> we the people. we the people are pretty disgusted and lagging trust in the institution. the government can't do anything. we see people occupying. what now after this? if you cannot do big, can you...
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Mar 10, 2013
03/13
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because people have these views of the deficit that don't completely conform with the actual deficit. >> is it fair to say that we can reform these things by changing some of the benefit. sure it will hurt people a little bit. but we can find a way to not benefit those who don't need the benefit? >> that's the second half of this. i think that's's that's right and it's important. we have a serious long-term deficit problem. but it's not like it's so big that solving it requires completely ripping up the social contract. some combination of relatively modest tax increases and/or relatively modest but still significant changes to the way the health care system works could do it. it's worth remembering we spend twice as much per person on health care as any other country in the world. there's got to be some waste in there. while we have in some ways the best health care system in the world. in many ways we don't. there have got to be ways to do it that don't completely ruin our current health care system. >> we can talk for a lot longer. the book is very twrg, david lionhart is the autho
because people have these views of the deficit that don't completely conform with the actual deficit. >> is it fair to say that we can reform these things by changing some of the benefit. sure it will hurt people a little bit. but we can find a way to not benefit those who don't need the benefit? >> that's the second half of this. i think that's's that's right and it's important. we have a serious long-term deficit problem. but it's not like it's so big that solving it requires...
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Aug 5, 2016
08/16
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let's get out of these terrible deficits that we're in, charles? what's wrong with saying, make america great again, to come out of a deficit? >> i think a cha wwha charles i saying -- i think that you can say that america is a great country, yet we're not perfect and there have been times in recent history and past history where we had these same issues and some problems and people still thought america was a great country and what's going to move us forward is to continue to think it's a great country that we can move forward on. 80% of nonwhite voters plan to vote for clinton and only 12% for trump. can trump overcome these numbers? >> we, absolutely. absolutely. absolutely. don, we are -- we are 97 days away. >> how so? >> -- from victory. look at our primary. 15 million votes. the record in the history of the united states. this is just the beginning of, like i said, i use this word before, a tsunami of votes that's going to come out and american people are tired, don. we're still pivoting over and getting ready to go into the general. there's
let's get out of these terrible deficits that we're in, charles? what's wrong with saying, make america great again, to come out of a deficit? >> i think a cha wwha charles i saying -- i think that you can say that america is a great country, yet we're not perfect and there have been times in recent history and past history where we had these same issues and some problems and people still thought america was a great country and what's going to move us forward is to continue to think it's...
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Nov 18, 2011
11/11
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you and i have talked about this a lot. $1.2 trillion in deficit reduck has been political difficult, so torturous. $1.2 trillion in deficit reduction doesn't even stop the growth of the national debt. so this is just a very first step, a very important political step. we have to tell the rest of the world we know what we're doing and we're going to smartly and aggressively start to whittle down these deficits so we can't have an economy that's not buried under the overhang of debt. seriously, this is really difficult stuff. both of us will talk to a leading democrat and republican on that committee later on "american morning" and we'll see what kind of progress they're making. >> it just seems unbelievable to me. they've had two months to work on this. they're down to five days and the thanksgiving holiday is come up. >> it isn't even two months. they've had years to work on this. they're in there with all of the work of many, many smart, reasonable people who have been studying debt and deficits for years. there are lots of road maps here but the bush tax cuts seem to be a sticking
you and i have talked about this a lot. $1.2 trillion in deficit reduck has been political difficult, so torturous. $1.2 trillion in deficit reduction doesn't even stop the growth of the national debt. so this is just a very first step, a very important political step. we have to tell the rest of the world we know what we're doing and we're going to smartly and aggressively start to whittle down these deficits so we can't have an economy that's not buried under the overhang of debt. seriously,...
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Feb 19, 2013
02/13
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while a plan to reduce our deficit has to be part of our agenda, we also have to remember deficit reduction alone is not an economic plan. we learned in the 1990s when bill clinton was president nothing shrinks the deficit dpaster than a growing economy that creates good, middle class jobs. that should be our driving focus, making america a magnet for good jobs, ewinning how people with the skills required to fill those jobs. making sure their hard work leads to a decent living. those are the things we should be pushing ourselves to think about and work on every single day. that's what american people expect. that's what i'm going to work on every single day to help deliver. so i need everybody who's watches today to understand, we've got a few days, congress can do the right thing, we can avert just one more washington manufactured problem that slows our recovery and bring down our deficits in a balanced with, responsible way. that's my goal, that's what would do right by these first respond irs, that's what would do right by america's middle class. that's what i'm going to be working on a
while a plan to reduce our deficit has to be part of our agenda, we also have to remember deficit reduction alone is not an economic plan. we learned in the 1990s when bill clinton was president nothing shrinks the deficit dpaster than a growing economy that creates good, middle class jobs. that should be our driving focus, making america a magnet for good jobs, ewinning how people with the skills required to fill those jobs. making sure their hard work leads to a decent living. those are the...
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Mar 9, 2013
03/13
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you are a deficit hawk. you must be ecstatic about the forced spending cuts in washington one week into this sequester, the sky hasn't fallen despite the president's warnings, the dow is flying high, we've got job creation continuing. do you think we're on the right track despite having a president many consider anti-business? >> not quite as jubilant as you are, ali, but it was a very positive jobs report, and these are the kind of numbers we need as you said correctly for the next three or four years and that we should expect give than we're in a kroefr. i do think that the sequester has really been a nonevent with respect to the financial markets. businesses are plowing ahead. and i think a lot of the dire forecasts that cutting government spending was going to hurt the economy, look, it just started so we've only had this for a week or two, but i was one of the people who said, look, this might be a positive thing for the economy in terms of giving business some assurance that at least washington will st
you are a deficit hawk. you must be ecstatic about the forced spending cuts in washington one week into this sequester, the sky hasn't fallen despite the president's warnings, the dow is flying high, we've got job creation continuing. do you think we're on the right track despite having a president many consider anti-business? >> not quite as jubilant as you are, ali, but it was a very positive jobs report, and these are the kind of numbers we need as you said correctly for the next three...
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Oct 18, 2012
10/12
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and then you are arctticulating the same policie that created that deficit. president obama was given a specific plan about how to cut $4 trillion and continuous moving forward -- >> cory, but if you offer hope and change and take the debt up to $16 trillion, that's not hope and change, except for the worse. >> hold on for a second. two things i want to say. one to continue the point i was making before. when the alternative says i'm going to increase military spending by $1 trillion, increase tax cuts for wealthy. by the way, i'm not going to tell you how i'm going to pay for this stuff. that's what we had under bush economy. increased war spending, increased tax cuts and a hole that got us into this economy. we need to deal with structural long-term debt. bush started to say, we needed to inject stimulus into the economy. inject stimulus, start to lower unemployment rate, save the auto industry, which took money to do that. we saved 1.4 million jobs. the reality is we've stabilized the economy, we're growing and now obama brought to washington some of the t
and then you are arctticulating the same policie that created that deficit. president obama was given a specific plan about how to cut $4 trillion and continuous moving forward -- >> cory, but if you offer hope and change and take the debt up to $16 trillion, that's not hope and change, except for the worse. >> hold on for a second. two things i want to say. one to continue the point i was making before. when the alternative says i'm going to increase military spending by $1...
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Jul 23, 2019
07/19
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is now deficit don. republicans are making it clear that this has been a con. deficits only matter when democrats are in the white house. they have increased dramatically by $300 billion, and the tax cuts have added dramatically to the debt, 1.5 trillion in his first two years alone. what you've got is a time of a massive economic expansion, deficits and debt increasing, that's a dangerous combo, and we're going to pay the piper down the road. >> i want the eight years back of the obama administration because i will never forget the drum beat that fox news pounded every single day where people's hair was on fire about the deficit and about democrats spending and, you know, between roger ailes and sean hannity and everybody who would talk about how we are bankrupting our children, and where were -- a bipartisan deal is great, of course we can celebrate that. the reason there was a bipartisan deal is because republicans have given up talking about the deficit and things like that. >> look, i really don't s
is now deficit don. republicans are making it clear that this has been a con. deficits only matter when democrats are in the white house. they have increased dramatically by $300 billion, and the tax cuts have added dramatically to the debt, 1.5 trillion in his first two years alone. what you've got is a time of a massive economic expansion, deficits and debt increasing, that's a dangerous combo, and we're going to pay the piper down the road. >> i want the eight years back of the obama...
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Mar 14, 2017
03/17
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. >> it could cut the deficit. we look at the numbers. 50 to 64-year-old working class voter would pay more for insurance. those are trump supporters. >> they are. the older you get up to the 65 ceiling when you go into medicare, those are the people who suffer the most. you know, listen, so far the polls say they are hanging tough and remaining loyal. will this be the blow that shakes them? >> paul ryan makes the point that the point of the number is that there's no mandate. people can choose whether or not they want insurance. they can choose plans that better suit their needs. what about that argument? >> i get the attraction of choice. we all do want choice. in the end, we want health care. if you are going to take 24 million people on the current system getting care and don't see a doctor. >> some people say i don't want care. i'm healthy, forget it. >> in some cases, that may be a rational issue. people should see the doctor when they have the ability to do it and in a system that allows them to do it. >> don
. >> it could cut the deficit. we look at the numbers. 50 to 64-year-old working class voter would pay more for insurance. those are trump supporters. >> they are. the older you get up to the 65 ceiling when you go into medicare, those are the people who suffer the most. you know, listen, so far the polls say they are hanging tough and remaining loyal. will this be the blow that shakes them? >> paul ryan makes the point that the point of the number is that there's no mandate....
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Nov 22, 2011
11/11
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he wanted to reduce the deficit. everything was on the table but republicans refused to make a deal. >> kevin madden, what about the republicans? i didn't see any of the candidates, republican candidates standing up and taking a real stance on this either. they were probably like hey, thank god we don't have to touch this. >> like you said, washington right now, it looks like one big pigsty and everything is dirty in this mess. republicans, in large part, recognize that the contours of this debate are playing out in 2012. regardless of what the super committee does, the deficits, spending, tax cuts, the tax rates, all of those are an important part of the debate. you see many of the candidates on the campaign trail talking about the issues and not encumbered by the partisanship here in washington. and that's a good place to be politically. i think the bigger part of this, i think, which is really hard for the president, is that he right now owns a lot of this, because what's baked into the cake is the performance of
he wanted to reduce the deficit. everything was on the table but republicans refused to make a deal. >> kevin madden, what about the republicans? i didn't see any of the candidates, republican candidates standing up and taking a real stance on this either. they were probably like hey, thank god we don't have to touch this. >> like you said, washington right now, it looks like one big pigsty and everything is dirty in this mess. republicans, in large part, recognize that the contours...
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Sep 8, 2012
09/12
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we're all concerned about the deficit. after two wars, two tax cuts that weren't paid for, we have a challenge that we've got to now deal with. can't go backwards. independent analysis shows that the plan i've put forward would cut our deficit by $4 trillion. and i've already worked with republicans to cut $1 trillion in spending. i'm willing to do more. we've got to make sure government is lean and programs that don't work, you know, we've got to get rid of them so we can pay for the things that do. and i want to reform the tax code so that it is simple and fair and so that it asks the wealthiest households to pay higher taxes on incomes over $250,000. >> you've been listening to the president there speaking in florida. we also want to let you know that mitt romney will be speaking later on, likely in our 1:00 hour here on cnn. he'll be speaking from virginia beach, but we want to get you some breaking news now. >>> alexandra steele is here with us in studio. alexandra, i understand you have news of a tornado warning in n
we're all concerned about the deficit. after two wars, two tax cuts that weren't paid for, we have a challenge that we've got to now deal with. can't go backwards. independent analysis shows that the plan i've put forward would cut our deficit by $4 trillion. and i've already worked with republicans to cut $1 trillion in spending. i'm willing to do more. we've got to make sure government is lean and programs that don't work, you know, we've got to get rid of them so we can pay for the things...
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Nov 16, 2017
11/17
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you've got flake and corker, they've got deficit. they've got deficit issues. collins, she's got let's if we're broad stroking it, health care issues. who's gettable from the personalities that you know or who do you think -- be who could be the problem here? >> i suspect they work on folks like johnson who says he wants to vote for the bill. i think the inclusion of the mandate makes it harder for collins and for murkowski and potentially others. also the debt and deficit problems that are very real. i mean you're seeing tax breaks for corporations be permanent and tax cuts for regular folks not so much. this bill raises health care premiums and it's a tough vote for folks. when you look at the impact people are struggling to figure out how and where it lands. that's why you try for someone like johnson knowing the concerns of collins and others may be more endemic. >> brian, the president is heading up to speak with house republicans. why if he really wants to say let's do this, why isn't he going to the senate? >> the senate has the process, they want to fix
you've got flake and corker, they've got deficit. they've got deficit issues. collins, she's got let's if we're broad stroking it, health care issues. who's gettable from the personalities that you know or who do you think -- be who could be the problem here? >> i suspect they work on folks like johnson who says he wants to vote for the bill. i think the inclusion of the mandate makes it harder for collins and for murkowski and potentially others. also the debt and deficit problems that...
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Mar 9, 2024
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it cut the deficit $1 trillion. last guy ballooned the deficit. we passed a budget deal that will cut another trillion dollars over the next decade. they kept trying to get out of it, but they finally agreed. and now it's my goal to cut the federal deficit by $3 billion more, 3 trillion more by making big corporations very wealthy. and i'm a capitalist man. the way you can go make a million bucks. you make a billion. good for you. but pay your taxes. we have a thousand billionaires in america, a thousand. guess how much what their tax rate is 8.3. anybody want to change the tax rate with them to >> i think about that 0.3% billionaire donald trump. are you sure? hell do
it cut the deficit $1 trillion. last guy ballooned the deficit. we passed a budget deal that will cut another trillion dollars over the next decade. they kept trying to get out of it, but they finally agreed. and now it's my goal to cut the federal deficit by $3 billion more, 3 trillion more by making big corporations very wealthy. and i'm a capitalist man. the way you can go make a million bucks. you make a billion. good for you. but pay your taxes. we have a thousand billionaires in america,...
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Nov 6, 2018
11/18
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the federal deficit. $779 billion this year. the highest in six years. typically deficits shrink during boom time. thapgs to tax cuts and huge defense spendsing the u.s. is spending so much more than it takes in. we're actually selling record amount of ious. we're borrowing money from the world to cover the shortfall. >> no sense that voters are concerned at all about deficit. >> we'll see. if it's played as giving tax breaks to big companies. right? and rolling up a deficit to the american people have to pay for later. that could be something that plays. >> the fiscal hawk paul ryan is exiting stage left. thank you. >> it's all about turn out today. one major wild card. that is the weather folks. could it keep some voters home? the stormy forecast. is next. >>> all right. it's election day. on top of everything else another huge election day variable. that is the weather. which could effect turn out in several key states. right now rain and storms in the foer cast from alabama. through new england during voting hours. meteorologist with the latest. >> a
the federal deficit. $779 billion this year. the highest in six years. typically deficits shrink during boom time. thapgs to tax cuts and huge defense spendsing the u.s. is spending so much more than it takes in. we're actually selling record amount of ious. we're borrowing money from the world to cover the shortfall. >> no sense that voters are concerned at all about deficit. >> we'll see. if it's played as giving tax breaks to big companies. right? and rolling up a deficit to the...
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Aug 14, 2019
08/19
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the deficit we just learned this week at the deficit is going to exceed a trillion dollars by the end of this fiscal year. you voted against the recent two. year budget that raises spending by $320. you lost the vote. most of your democratic members in the senate and house voted for it. the committee for responsible budget said it will increase the deficit by $1.7 trillion over the next decade and said it appears the congress and president have given up on their jobs and this may be the most terrible worst budget agreement in the nation's history. should we believe that congress at this point just doesn't care what we're leaving our children -- >> i hate to say this but after ten years of being there, it seems to me and i say this as a democrat, that the democrats don't care. the republicans say they care but they are lying about it. you've never seen more fiscal hypocrisy than what the republicans have delivered. the trump-mcconnell era is the most fiscally responsible era in american history. $4 trillion over ten years and they've accomplished it within just three. >> what do you sa
the deficit we just learned this week at the deficit is going to exceed a trillion dollars by the end of this fiscal year. you voted against the recent two. year budget that raises spending by $320. you lost the vote. most of your democratic members in the senate and house voted for it. the committee for responsible budget said it will increase the deficit by $1.7 trillion over the next decade and said it appears the congress and president have given up on their jobs and this may be the most...
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Dec 22, 2013
12/13
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and we exited with a high budget deficit. 11% budget deficit. really only the united states had a similar size deficit and of course the u.s. has a reserve currency. that was a situation we were confronting. we set out a deliberate plan to bring that deficit down and reduce structural deficit to sort out some of the structural problems in our financial system and to rebalance the british economy. i think 3.5 years on, the british economy is currently growing faster than pretty much any other western economy. jobs are being created at a rapid rate each month and you can see a rebalancing happening. >> one of the points summers makes is the path to deficit reduction ultimately lies in stronger growth. you pointed out britain and united states had comparable budget deficits soon after the crisis. the u.s. budget deficit has gone down dramatically more so than britain and the reason, summers would argue, we've grown faster and reason we've grown faster is we didn't have as much spending cuts and as much austerity. >> focus is on the structural defic
and we exited with a high budget deficit. 11% budget deficit. really only the united states had a similar size deficit and of course the u.s. has a reserve currency. that was a situation we were confronting. we set out a deliberate plan to bring that deficit down and reduce structural deficit to sort out some of the structural problems in our financial system and to rebalance the british economy. i think 3.5 years on, the british economy is currently growing faster than pretty much any other...
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Jun 7, 2011
06/11
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he spent too much money, we started racking up deficits. now, president obama, when he was candidate obama, pointed out those deficits were too large. he's now multiplied them by a factor of four or five. >> take a short break. when we come back, i want to talk to you more about the economy and in particular what many see as your weakness, which is the similarity between your health care plan in massachusetts and president obama's. >> that was, of course, president obama, who was praising romneycare earlier this year. this seems the to me to be your achilles' heel. the one where you're in most trouble, because when the president, who is a democrat, starts praising you for your health care plan, that's not good, is it? >> well, i think the president is hoping that we'll be diverted from the fact that obamacare's going to get repealed. if i'm president, i will repeal obamacare, and frankly, on the first day of my administration, i'll direct the secretary of health and human services to grant a waiver to all 50 states from obamacare. >> but yo
he spent too much money, we started racking up deficits. now, president obama, when he was candidate obama, pointed out those deficits were too large. he's now multiplied them by a factor of four or five. >> take a short break. when we come back, i want to talk to you more about the economy and in particular what many see as your weakness, which is the similarity between your health care plan in massachusetts and president obama's. >> that was, of course, president obama, who was...
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Jul 24, 2011
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. >>> you know, we need a deficit reduction deal before august 2nd, and time is coming really quickly. how close are we to an agreement? that discussion is next. and it's official. same-sex marriages occurring in new york. ahead, you'll see a live ceremony from new york coming up. if you want information from us, you can read out on social media, twitter and on foursqu e foursquare. easy dishes. we're facing some tough opposition today. i'm gonna need my biggest player. a change in the lineup? that little squirt? [ cheers and applause ] [ female announcer ] one bottle of ultra dawn has the grease-cleaning power of two of the leading non-concentrated brand, giving you double the cleaning ingredients in every drop. [ sponge ] way to go, kid. you really knocked the grease out of them. [ female announcer ] dawn does more... [ sponge ] so it's not a chore. with diabetes, it's tough to keep life balanced. i don't always have time to eat like i should. and the more i focus on everything else, the less time i have to take care of me. that's why i like glucerna shakes. they have slowly digesti
. >>> you know, we need a deficit reduction deal before august 2nd, and time is coming really quickly. how close are we to an agreement? that discussion is next. and it's official. same-sex marriages occurring in new york. ahead, you'll see a live ceremony from new york coming up. if you want information from us, you can read out on social media, twitter and on foursqu e foursquare. easy dishes. we're facing some tough opposition today. i'm gonna need my biggest player. a change in the...
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Aug 14, 2012
08/12
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the only thing that went up, piers, were the deficits. now they're saying, well, in order to deal with the deficits, we're going to bring another round of tax cuts to the wealthy. that's going to hit everybody harder if you're going to deal with those over the long term. >> but you wouldn't presumably quibble with his basic premise. that the priority ought to be trying to get this ridiculously large deficit down. america's economic future could depend on that. presumably, you would agree with him that should be priority. it's just how we get there, right? the. >> priority number one needs to be getting americans back to work. getting the economy moving again. in fact, if we do that, that's the fastest way to begin to reduce the deficit. there's no doubt we have to deal with the long-term deficit. we should act right now to do it. the real question is how we do it. and i think mitt romney and paul ryan are going to have to explain to the american people how you reduce the deficit by asking nothing more for the folks at the very top. >> con
the only thing that went up, piers, were the deficits. now they're saying, well, in order to deal with the deficits, we're going to bring another round of tax cuts to the wealthy. that's going to hit everybody harder if you're going to deal with those over the long term. >> but you wouldn't presumably quibble with his basic premise. that the priority ought to be trying to get this ridiculously large deficit down. america's economic future could depend on that. presumably, you would agree...
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Mar 31, 2017
03/17
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his order pledges to investigate the causes of the massive trade deficit and establish anti-dumping laws that chinese countries and other countries have been accused of by flooding the market of goods at a much cheaper price, steel being one e item. >>> lots of complaints from american companies about intellectual property theft, hacking, stealing corporate products and i.p. on the list. what has sometitymies officials you can't talk about money issues and north korea, you talk about money issues and you talk about north japan, it's different than different levers that can be pulled separately. >> reporter: and the x factor is what is he going to do before or during the visit. analysts have been saying north korea needs to push the button on their next nuclear test. if kim jong-un would be so brazen to do that that would under cut the argument that china has a a whole lot of leverage over north korea, it would clearly show a disrespect for its chinese neighbor. >>> will ripley, nice to see you this morning. have a great meeting. >>> the backdrop at mar-a-lago. lgbt activists and sports f
his order pledges to investigate the causes of the massive trade deficit and establish anti-dumping laws that chinese countries and other countries have been accused of by flooding the market of goods at a much cheaper price, steel being one e item. >>> lots of complaints from american companies about intellectual property theft, hacking, stealing corporate products and i.p. on the list. what has sometitymies officials you can't talk about money issues and north korea, you talk about...
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Dec 14, 2018
12/18
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this year, the budget deficit is totaling $970 billion. according to the committee for responsible federal budget, this year is abnormal. the u.s. is running high defi t deficits despite low unemployment and rising economy. remarkable blog post, the organization is pointing the president can take credit presiding over the largest budget deficit in a booming economy. >>> an officer killed in the line of duty in georgia. a police dog also wounded. the full story is next. nooo noooo... nooooo... yeeeesss... quick, the quicker picker upper! bounty picks up messes quicker and is 2x more absorbent than the leading ordinary brand. hey look, i got it. bounty, the quicker picker upper. get stronger... get closer. start listening today to the world's largest selection of audiobooks on audible. and now, get more. for just $14.95 a month, you'll get a credit a month good for any audiobook, plus two audible originals exclusive titles you can't find anywhere else. if you don't like a book, you can exchange it any time, no questions asked. automatically
this year, the budget deficit is totaling $970 billion. according to the committee for responsible federal budget, this year is abnormal. the u.s. is running high defi t deficits despite low unemployment and rising economy. remarkable blog post, the organization is pointing the president can take credit presiding over the largest budget deficit in a booming economy. >>> an officer killed in the line of duty in georgia. a police dog also wounded. the full story is next. nooo noooo......
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Jul 14, 2011
07/11
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one of the issues is you have freshmen in the house who just ran on deficit spending. they say stand up to the president. among the voices who agree with them, marco rubio of florida. senator rubio joins us from capitol hill. senator mcconnell, your leader's plan he calls it plan "b" or maybe it's plan "z." is it smart or surrender? >> i understand why he's doing it. he's a minority leader and trying to position his caucus in the best way possible in case things don't work out. it's not something i can support because i've clearly stated this is a chance to solve the real problem here. the real problem is not the debt limit, the real problem is the debt. the fact that this country continues to spend 40 cents out of every dollar. look at ireland. ireland their debt just got downgraded to junk. it wasn't because they refused to raise their debt limit, it's because they can't afford to pay back their lenders. >> that was a passionate case for deficit reduction, senator. so why, as some would ask or maybe this is a better way to put it -- do republicans have a problem sayi
one of the issues is you have freshmen in the house who just ran on deficit spending. they say stand up to the president. among the voices who agree with them, marco rubio of florida. senator rubio joins us from capitol hill. senator mcconnell, your leader's plan he calls it plan "b" or maybe it's plan "z." is it smart or surrender? >> i understand why he's doing it. he's a minority leader and trying to position his caucus in the best way possible in case things don't...
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Dec 14, 2013
12/13
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thought it was my job and my obligation to stand up for conservatives here in the congress who want more deficit reduction. stand up for the work that chairman ryan did. >> reporter: mike needham runs heritage action, one of the groups boehner is lashing out at. >> john boehner said groups like yours have completely lost credibility. >> i don't think it's for anybody in washington to decide who has credibility. it's very frustrating that an honest disagreement about a deal that was struck has deinvolved into name calling from the speaker. >> reporter: but boehner made clear this is about more than the budget. it's been brewing for a while. >> they pushed us into the fight to defund obamacare and to shut down the government. if you'll recall, the day before the government reopened, one of the people -- one of these groups stood up and said, well, we never really thought it would work. are you kidding me? >> reporter: some activists in those conservative groups think that the speaker's strategy is to clear the decks in advance of other divisive issues coming next year, like immigration reform, but
thought it was my job and my obligation to stand up for conservatives here in the congress who want more deficit reduction. stand up for the work that chairman ryan did. >> reporter: mike needham runs heritage action, one of the groups boehner is lashing out at. >> john boehner said groups like yours have completely lost credibility. >> i don't think it's for anybody in washington to decide who has credibility. it's very frustrating that an honest disagreement about a deal...
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Nov 2, 2017
11/17
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and they're almost never quick. >> according to their own numbers, it's going to grow the deficit, the national debt by $1.5 trillion, senator corker said that they failed to close a minimum, he says $4 trillion in loopholes and special interest deductions. this is going to be a big issue, maybe it'll get through the senate, but in the house, there could be some serious republican opposition. >> well, and if anything from what we saw with that heated exchange between congressman brady, i think you get a sense of how controversial and how difficult any tax issues are and any legislation regarding taxes are. i mean, you're really having a tax debate right now and you see why this has taken decades to really change the tax system in this country. i would sty chris's point however this is something i could argue the president cares about even more than health care or at least would like to think that he is more familiar with and knows more about as a businessman. so, yes, it's hard to see how anything could get to his desk before christmas, but i could foresee a situation where we revisit
and they're almost never quick. >> according to their own numbers, it's going to grow the deficit, the national debt by $1.5 trillion, senator corker said that they failed to close a minimum, he says $4 trillion in loopholes and special interest deductions. this is going to be a big issue, maybe it'll get through the senate, but in the house, there could be some serious republican opposition. >> well, and if anything from what we saw with that heated exchange between congressman...
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Jul 19, 2020
07/20
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poll after isr poll shows him with the bigger deficit, but also the biggest disapprove numbers. biden is up 49% to trump 41%. the second poll by "the washington post," is 55% compared to 40%. this is reflected in the numbers we're seeing with the president on his handling the coronavirus. his numbers are completely under water with the majority of americans saying they disapproved currently with how the president handles this virus. >> thank you, jeremy. >>> joining us is cnn senior political analyst and former adviser to presidents nixon, ford, reagan and clinton, david gergen. and dr. ryan -- i want to play more from the president's interview when asked about the surge in coronavirus cases, once again downplaying the surge and put the blame on testing. >> cases are up, many of those cases shouldn't even be cases, because we have the best testing in the world and the most. no country has ever done what we have done in terms of testing. we are the envy of the world. >> so dr. reiner, is the u.s. the envy of the world when it comes to testing? >> do you think the u.s. is the envy
poll after isr poll shows him with the bigger deficit, but also the biggest disapprove numbers. biden is up 49% to trump 41%. the second poll by "the washington post," is 55% compared to 40%. this is reflected in the numbers we're seeing with the president on his handling the coronavirus. his numbers are completely under water with the majority of americans saying they disapproved currently with how the president handles this virus. >> thank you, jeremy. >>> joining us...
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Mar 14, 2017
03/17
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-- as decreasing the deficit. and that means that it can be passed with 51 votes in the senate. the only thing the cbo score, in the whole thing, the only numbers that matter are 1.2 trillion in spending over a decade. that means, that this reform package can be passed with 51 votes in the senate, and by having 300 billion in deficit reduction, it means there's a lot of wiggle room, there's a lot of improvement in there to earn house company concerns and senate republican concerns the cbo's numbers. >> we discussed whether or not it would pass, you're not saying the 14 or the 24 million people who may not have health insurance between now and 2026, you're not saying that number is not important? >> no, the cbo is saying that number is less important, because they have a track record of being off -- completely off. you look at their reasoning, they're saying, there are going to be fewer people getting health care if we allow states to have medicaid block granted out. there were similar hysterics against bill clinto
-- as decreasing the deficit. and that means that it can be passed with 51 votes in the senate. the only thing the cbo score, in the whole thing, the only numbers that matter are 1.2 trillion in spending over a decade. that means, that this reform package can be passed with 51 votes in the senate, and by having 300 billion in deficit reduction, it means there's a lot of wiggle room, there's a lot of improvement in there to earn house company concerns and senate republican concerns the cbo's...
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Sep 19, 2011
09/11
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the deficit is a real abstraction. but everybody -- not only do people understand income and taxes in the back of almost everyone's head, i don't know about you, but i plan to be one of the wealthiest americans some day and there's this kind of identification with the very wealthy because most people think if they buy the right lotto ticket or work a lot harder, they'll be there too. so i think the president is going to find it hard to take that soft poll number where most people say yeah, we ought to tax the rich more and turn it into a heart felt opposition to letting the wealthy go on paying the rate that they pay. >> i think everyone mould like to make more than a million dollars a year, but the odds of th that happening is the same odds of winning the lottery. >> yet they'll be lined up, when you're buying some gum tomorrow, everyone will be lined up buying lotto tickets, right? >> yes. is there some political strategy at work here that most of us may not be aware of? >> well, absolutely. look, the reality is he's
the deficit is a real abstraction. but everybody -- not only do people understand income and taxes in the back of almost everyone's head, i don't know about you, but i plan to be one of the wealthiest americans some day and there's this kind of identification with the very wealthy because most people think if they buy the right lotto ticket or work a lot harder, they'll be there too. so i think the president is going to find it hard to take that soft poll number where most people say yeah, we...
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Nov 2, 2021
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he's fine with adding to the deficit for infrastructure, just not for special spending. you know, spending on universal preschool, affordable child care, elder care, care for americans with disabilities. this is what is in there. and expanded child tax credit. a sweeping plan to combat the climate crisis. exactly the kinds of things the president was elected to do as a democrat. things that could make life better for every american. and mansion's concerns about inflation, the white house saying that 17 noble prize winning economists have said the bill will reduce inflation. the house speaker nancy pelosi pointing out the treasury secretary janet yellen says it will boost the economy that tends to push inflation down, not up. mansion says he needs more time to consider the social spending bill. but the house weighs and means committee chair richard neal isn't buying that. watch. >> i don't know how you can make the argument of slowing down a piece of legislation that's been out there for more than 2.5 months from the weighs and means committee. the argument that you don't
he's fine with adding to the deficit for infrastructure, just not for special spending. you know, spending on universal preschool, affordable child care, elder care, care for americans with disabilities. this is what is in there. and expanded child tax credit. a sweeping plan to combat the climate crisis. exactly the kinds of things the president was elected to do as a democrat. things that could make life better for every american. and mansion's concerns about inflation, the white house saying...
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Nov 2, 2017
11/17
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it's an important question about deficit and debts. growth has not been the answer with regard to tax cuts. we saw in the mush tax cuts and we ended up at the end of the bush economic crisis. the issue of debt and how much of this is going to be just pumping up the national debt and the national yearly deficits is a big issue. it does have to be addressed. >> we have to leave it there, guys. we will have plenty of time to debate this in the weeks ahead. we know the thanksgiving deadline is the next one that they have their sights set on. thank you very much both of you and thank you all at home for joining us. inside topolitics with john kin starts now. >> thank you and welcome to inside politics. i'm john king. a big breaking news day. more russia meddling fallout. the nominee for the top agriculture post is withdrawing. sam clovis was the supervisor for the former adviser who wanted to set up campaign meetings with russians and now cooperating with the special counsel. the president has big economic news on two fronts. the job announ
it's an important question about deficit and debts. growth has not been the answer with regard to tax cuts. we saw in the mush tax cuts and we ended up at the end of the bush economic crisis. the issue of debt and how much of this is going to be just pumping up the national debt and the national yearly deficits is a big issue. it does have to be addressed. >> we have to leave it there, guys. we will have plenty of time to debate this in the weeks ahead. we know the thanksgiving deadline...
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Apr 30, 2020
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we could end up with 25, $27 trillion of deficit. we have to finance that deficit. to the extent that the world allows us to do that, we have no problem. but, if we get to that horrible, horrific point, where the world no longer wants to finance our debt and we cannot self-finance with savings in this country, we, then, have another crisis on our hands. where the u.s. cannot borrow money, and interest rates in the united states go dramatically higher, which has a immediate impact on every homeowner, every auto loan, every mortgage, and every student loan in this country, where the rates on those loans are going to go dramatically higher. and we're going to have a real impact on our economy. >> all right. gary cohen, thank you very much. a sobering thing to consider but an important one, given obviously that debt will -- will -- is, now, greater than the size of the entire economy. which is attritionally, a big red flag. thank you very much. i appreciate it. >> thank you. thanks for having me. >> next, two massive states gearing up to reopen. california and florida.
we could end up with 25, $27 trillion of deficit. we have to finance that deficit. to the extent that the world allows us to do that, we have no problem. but, if we get to that horrible, horrific point, where the world no longer wants to finance our debt and we cannot self-finance with savings in this country, we, then, have another crisis on our hands. where the u.s. cannot borrow money, and interest rates in the united states go dramatically higher, which has a immediate impact on every...
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Nov 2, 2017
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revealed their long-awaited tax plan, top gop lawmakers are raising red flags about the impact on the deficit. will the president's hopes for a quick and needed legislation win be dashed? >>> imminent nuclear test. a new warning tonight that kim jong-un is preparing to provoke the west again as president trump is about to land near the dictator's doorstep. tonight, kp hcnn has learned th kim is moving closer to being able to attack the u.s. mainland. >>> and under the isis flag. authorities say the suspect in the deadly truck attack also wanted to cause carnage on the brooklyn bridge. we're learning more about the terror in new york city. >>> we want to welcome our viewers in the united states and around the world. i'm wolf blitzer. you're in "the situation room." >>> breaking tonight, cnn has learned that the president's son-in-law and senior adviser jared kushner has turned over documents to the special counsel robert mueller. this as mueller's team has started asking witnesses about kushner's role in the firing of former fbi director james comey. stand by for details. also, a just released
revealed their long-awaited tax plan, top gop lawmakers are raising red flags about the impact on the deficit. will the president's hopes for a quick and needed legislation win be dashed? >>> imminent nuclear test. a new warning tonight that kim jong-un is preparing to provoke the west again as president trump is about to land near the dictator's doorstep. tonight, kp hcnn has learned th kim is moving closer to being able to attack the u.s. mainland. >>> and under the isis...
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Dec 14, 2017
12/17
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it's actually the time to be cutting deficits, right, and cutting the debt situation. it's something families, she said, should be concerned about. >> christine romans, thank you for being with us. joining us now, our cnn political commentators. i don't think there's a question, patrick, the republicans have the support they need in congress to get it through. it's getting complicated, particularly in the senate, john mccain in walter reed and we don't know how he's doing and everybody concerned about his health, and mike pence staying home. >> this is looking like a nail-biter. as we know, bob corker was against this when it came up for a vote in the senate before, so you can presume when he is sending signals, he's still probably a no right now. they are one vote away. you have john mccain and thad cochran, and susan collins sending mixed signals. >> as she does. >> as she does. and mike pence is saying he will stay home. and then you may find yourself with a calendar next week where they simply don't have the senators in place to vote, and then they are looking at a
it's actually the time to be cutting deficits, right, and cutting the debt situation. it's something families, she said, should be concerned about. >> christine romans, thank you for being with us. joining us now, our cnn political commentators. i don't think there's a question, patrick, the republicans have the support they need in congress to get it through. it's getting complicated, particularly in the senate, john mccain in walter reed and we don't know how he's doing and everybody...
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Apr 23, 2012
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>> both programs are paying out more than they're taking in so adding to the deficit when you look at known demographic trends our federal financial hole is getting deeper $10 million a minute. the longer we wait to increase entitlement reform or social insurance program reform the more dramatic the changes will be, the more risk of debt crisis and the less transition time we'll have. >> david mentioned $10 million a minute. that means about 40 million dollars, 50 million during this conversation. >> i wish i was getting the money. >> we're in an election year. nothing will happen between now and november. they tried the bargain last year and got nowhere. what is the trigger, the circuit breaker that will get politicians to sit down and figure this out. >> that's the $40 million question. i do think there is a deadline coming up at the end of this year because of the deal that they did to get the debt ceiling raised. so, you know, we could see some fairly dramatic action then. the other big thing, and i don't see when this is going to happen but what forces other countries to finally
>> both programs are paying out more than they're taking in so adding to the deficit when you look at known demographic trends our federal financial hole is getting deeper $10 million a minute. the longer we wait to increase entitlement reform or social insurance program reform the more dramatic the changes will be, the more risk of debt crisis and the less transition time we'll have. >> david mentioned $10 million a minute. that means about 40 million dollars, 50 million during...
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from the deficit to health care to education, republicans and democrats are too out of touch and too busy blasting each other to dig us out of the mess we're in. that's the premise behind declaration of independence, the new libertarian manifesto. they argue both parties are useless and the solution to our problems is to get government out of our lives. i spoke with nick and matt just moments ago. i've read your book. and you, in this book try to make an overwhelming argument against the status quo. but i'm not as persuaded you make an argument for pure liber tampb rimpb anism. you acknowledge we need a government that does many thing. >> first off the government is doing a pretty good job of making an argument against the status quo. it's broken at every level in every possible way. it explains the pun and title why independent voters, people refuse to affiliate with either the republican or the democratic party is either growing, definitely growing and by many polls it's the single largest bloc. we're li bench rta rimpb ans not anarchists. we're not saying let's start a moon colony
from the deficit to health care to education, republicans and democrats are too out of touch and too busy blasting each other to dig us out of the mess we're in. that's the premise behind declaration of independence, the new libertarian manifesto. they argue both parties are useless and the solution to our problems is to get government out of our lives. i spoke with nick and matt just moments ago. i've read your book. and you, in this book try to make an overwhelming argument against the status...
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Feb 6, 2014
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it reduces the long-term deficit. >> i hear the point you're making. my personal thought is i don't trust the cbo numbers when you're looking out that number of years. economic projections ten years out are kind of superfluous, but could the to the content of what you're saying. the people who choose not to work according to the cbo. this is the supply of lower wage workers. my question to you is if lower wage workers stop working because of obama care, then, you know, they'll be getting government subsidies in the form of health care, right? where are they getting the money that they're going 20b spending in their lives? >> first of all, he was clear. he said the number was a compilation of reduced hours. he made the point that there's some people who would continue to work but they may take a little less time and work because they have now the ability to spend a little bit more time at home. so i want to make that point clear. he didn't say that people are just going to stop working. in fact, the sort of underlying notion from our republican colleagu
it reduces the long-term deficit. >> i hear the point you're making. my personal thought is i don't trust the cbo numbers when you're looking out that number of years. economic projections ten years out are kind of superfluous, but could the to the content of what you're saying. the people who choose not to work according to the cbo. this is the supply of lower wage workers. my question to you is if lower wage workers stop working because of obama care, then, you know, they'll be getting...
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with fewer equivalent people working, you're lowering the deficit without raising taxes, right? >> well, what the affordable care act does is reduce expenditures because we got rid of the some of the overpayments in the medicare program so we reduced the deficit by spending less on medicare while providing the same services because we're just ending those overpayments and, number two, there are some revenues that come in from the affordable care act. on net because of the revenues and the reduction in expenditures, that outweighs the additional expenditures from the tax credit. so bottom line is that the affordable care act reduces the long-term deficit and that helps long-term economic growth. >> i hear the point you're making. my personal thought is i don't trust the cbo numbers when you're looking out that number of years. because nobody really knows what the situation is going to be. economic projections ten years out are kind of superfluous, but to the content of what you're saying, the overall point i understand. but the overall effect here, the people who choose not to wo
with fewer equivalent people working, you're lowering the deficit without raising taxes, right? >> well, what the affordable care act does is reduce expenditures because we got rid of the some of the overpayments in the medicare program so we reduced the deficit by spending less on medicare while providing the same services because we're just ending those overpayments and, number two, there are some revenues that come in from the affordable care act. on net because of the revenues and the...